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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 4 · Set 2 · Q2
Elvis, Finch and Gordon entered into a partnership on 1st July, $\displaystyle 2023$ with capitals of ₹ $\displaystyle 20,00,000$ each. The partnership deed provided for interest on capital @ $\displaystyle 10$% per annum. The firm earned a net profit of ₹ $\displaystyle 13,50,000$ for the year ended 31st March, 2024. The amount of profit transferred to Elvis 's capital account was :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
₹ $\displaystyle 3,00,000$
Marking-scheme solution
(B)
`$\displaystyle 3,00,000$
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CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.